Sell As-Is When Needs Repairs
You need to sell your house quickly, but you don't have the time or money to make extensive repairs. There are a few options for busy home sellers in this situation. They can sell as-is or make minor repairs and focus on the most important items that buyers care about.
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Continue reading to learn how you can sell a house in a short time frame.
There Are Many Options For Quickly Listing Your Home
Use "As-Is.":
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Listing your home as-is will mean that you won't be spending any time fixing it up. Instead, the buyer sees what you have done. While buyers may still ask for an inspection, your agent can ensure no major repairs. In addition, you will likely be required to accept a lower price if the house is sold as-is.
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Inspect Everything And Make Disclosures:
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​There are other options for selling your home as-is. Complete a pre-inspection, and make disclosures about everything on the inspection report. Your agent will be able to position your home for investors, flippers, or anyone looking for a fixer-upper.
Complete Home Renovations
Only Tackle The Most Important Items:
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Many buyers will accept a home that requires cosmetic repairs. As a result, you might be able to spend your limited time and money on the most critical home improvements. Unfortunately, these are the things that will likely kill a deal. Foundation damage, mold, and a furnace replacement are some examples. (More information on these expensive items is below ).
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You Can Focus On Minor Cosmetic Repairs:
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You could spend your time on more cost-effective renovations. These are considered "sprucing up" and can help you improve your curb appeal. This can be a huge selling point for buyers. Continue reading for more information.
Before You List Your Home, Make The Most Of These Important Home Improvements
You can get a better price for your home than the "as is" listing. This will allow you to address any big-ticket items buyers are worried about. For example, a lot of buyers have a significant amount of cash available for their down payment. This means that a home that needs immediate attention may not be possible to afford. If you make the necessary improvements to the home, you might be able to get a higher price. This will cover the cost of upgrades and make the home more attractive to a wider range of buyers. You can also avoid price drops after an inspection by addressing the problem areas.
It's Worth Making Home Improvements
These are the most popular big-ticket items. However, buyers and inspectors could flag safety concerns.
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Replacing the roof
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Upgrade the electrical panel
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Installing a new water heater
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Water damage, termite, and mold problems
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Remediating pipes, sewer connections, and septic systems
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Maintaining the HVAC system
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Make Easy Upgrades To Quickly Sell Your House
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Consider the following simple things you can do to sell your house before making any major updates. These items can all be completed on the weekend.
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A fresh coat of paint in neutral colors
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Caulking in kitchens and bathrooms
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Lighting improvements by replacing bulbs or adding fixtures
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Professional cleaning of carpets
How To Market A Fixer-Upper
You can enlist the assistance of a local agent if you are looking for a way to quickly and efficiently sell your house.
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These are some tips to maximize your fixer-upper list:
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Keep Your Eyes On The Good: Even if you have to make some repairs, the property's location, lot size, and floor plan are great selling points.
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Prices It Correctly: Pricing your house can be a difficult task. You should know whether you are selling to buyers or a seller's market and set your price accordingly. Look at similar properties in your area to help you determine the best price.
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Use Keywords With A Count: Fill your listing description with the features that buyers will appreciate. Consider eye-catching keywords which can add value to the listing, such as spotless, upgraded, and landscaped (if accurate).